China look to ease US trade tensions by giving foreign companies more access

What is happening: China may look to make changes in its domestic industrial policy in order to ease trade tensions with the US.

Trade war: China and the US had been engulfed in a trade war for some time before a temporary truce earlier this month as negotiations began.

Access: China may now grant foreign companies greater access, dropping their own targets for market share dominance. Giving foreign companies more access may also benefit local businesses.

Expansion: In the past, many companies like logistics and transportation operators have been frustrated by certain rules in China. For instance, needing local partners or joint ventures, which only inhibited expansion opportunities.

Economy: Introducing a more market-driven approach to technology production could bring in better returns in an economic sense. In recent years, cheap loans have only driven overcapacity in the tech sector.